Yes, you will be charged interest as well as processing fees and this will vary from bank to bank and depend on your total.

   Interest Paid
 Bank/ Months 3 6 9 12 18 24 36
 ENBD   1.49%   1.49%   1.49% 1.49%
 ADCB 0.70% 0.70% 0.70% 0.70%      
 FAB 1.20% 1.20% 1.20% 1.20% 1.20% 1.10% 1.10%
 Dubai First 0 0% 0 0      
 Mawarid Finance   0.00%          
 RAK 1% 1%   1%      
 Samba 0.00% 0.00%   0.00%      
 Al Hilal 0% 0%   0%      
 CBD 0% 0%   0      
 Emirates Islamic 0 0%          
 Dubai Islamic Bank   0%   0%      

 Standard   Chartered Bank

0% 0%   0%      

 

   Processing Fee
 Bank/ Months 3 6 9 12 18 24 36
 ENBD   AED49   AED49   AED49 AED49
 ADCB              
 FAB              
 Dubai First 1% 1% 2% 2%      
 Mawarid Finance              
 RAK AED49 AED49   2%      
 Samba AED49 AED49   AED49      
 Al Hilal              
 CBD 1.50% 2.50%   3%      
 Emirates Islamic 2% 2%          
 Dubai Islamic Bank   3%   4.80%      
 Standard   Chartered Bank AED49 AED49   AED98      

Please note that the full amount will be charged on your card on the day of the transaction.